IMF Staff Country Reports

Thailand : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

June 7, 2016

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses recent developments, outlook and risk, and policies required for a long-lasting recovery of Thailand’s economy. Thailand remains resilient in the face of external and internal challenges. However, political uncertainty and structural bottlenecks cloud long-term prospects. The economy recovered in 2015 after a slowdown induced by political uncertainty. Public investment supported economic activity, particularly through community-based infrastructure projects. Monetary policy was eased in the face of below-target inflation. The credit cycle moderated, but household debt reached a historic high. Implementing high-quality fiscal stimulus, easing monetary policy, and safeguarding financial sector stability can strengthen long-term sustainability, equity, and efficiency of Thailand’s economy.

Series:

Country Report No. 16/139

Subject:

Article IV consultation reports Balance of payments statistics Debt sustainability analysis Economic growth Economic indicators Fiscal policy Infrastructure Macroprudential Policy Monetary policy Press releases Public investment Staff Reports Thailand